Senior Housing and Care

Condominiums with Service: A Growing Trend

September 01, 2005

Recently, there has been a notable rise in the level of interest in developing condominiums or other for-sale properties with significant services that cate rto senior residents. Around the country, a wide variety of different equity retirement community prototypes has emerged. They can be structured as single-family homes or multi-occupancy buildings, high-rise or campus-style, condominium,cooperative, cond-op and other variations. Some have been licensed as continuing care retirement communities and may include assisted living and nursing facilities. Others are unlicensed and provide hospitality services only.